The Swedish and Finnish states intend to sell shares in the repurchase offer
- 2005-04-28 14:46 UTC
The repurchase offer is not directed to shareholders located in the United States, Canada, Australia, New Zealand and Japan or to persons whose participation in the repurchase offer requires additional information or registration measures or other measures in addition to those required under Swedish and Finnish law. Copies of this press release, the offer document and any other documents related to the offer are not being, and must not be, mailed or otherwise distributed or sent in or into such countries and so doing may invalidate any purported acceptance of the offer.
On April 26, 2005, TeliaSonera AB (publ) (“TeliaSonera”) decided to repurchase a maximum of 187,009,282 shares, by offering the shareholders of TeliaSonera to sell every twenty-fifth share to TeliaSonera for a cash payment of SEK 55 (approximately EUR 6.05 ) per share.
The Swedish and Finnish states have declared they intend to participate in the repurchase offer pro rata to their current shareholdings, on customary conditions and on the conditions set out in TeliaSonera’s repurchase offer. As of December 31, 2004, the Swedish and Finnish states owned, respectively, 2,118,278,261 and 641,800,230 shares, representing 45.3 and 13.7 percent of the shares and votes of the company.
For further information journalists can contact:
TeliaSonera´s Press Office, +46-(0)8-713 58 30
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
1) Convenience currency conversions from SEK to EUR have been calculated by using Bank of Finland’s monthly average EUR/SEK exchange rate of 9.0884 in March, 2005. The actual repurchase price that finally will be payable in euro to the shareholders whose shares are registered in a Finnish book-entry account, will be determined at the prevailing EUR/SEK exchange rate on or around July 1, 2005, i.e. in close connection to the payment date in the repurchase offer.